Resolution Minerals Ltd CEO Craig Lindsay talked with Proactive about the company securing firm commitments to raise about $20 million through a two-tranche placement to institutional and sophisticated investors.
Lindsay explained that the raise, priced at $0.07 per share, was strongly supported by cornerstone investors Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund, highlighting confidence in the company’s strategy and asset base.
The funds will be directed toward accelerating activities at the Horse Heaven Project in Idaho, USA. A key focus is a significantly expanded 45,000-foot drilling program, representing a major increase on previous campaigns.
The company is also progressing toward a potential Nasdaq listing, which could improve liquidity and broaden investor access, particularly from US markets.
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